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Creating a Successful AI Digital Art Business

Jun 28, 2024

Creating a Successful AI Digital Art Business

Introduction

  • Success Story: A shop made over six figures in profit within one year by selling AI-generated digital art.
  • Changes and Opportunities: Newer versions of AI tools like Mid Journey have emerged, but the business model remains largely untapped.
  • Cost: Start the business from anywhere with just $10.

Creating the Image

  • Tool Used: Mid Journey, an AI image generator that converts text prompts into artwork.
  • Process:
    1. Enter a text prompt describing the desired image.
    2. Modify the prompt for high-quality results.
    3. Package the image into a visually appealing listing.

Market Research

  • Successful Artwork: Analyze what types of artwork sell well and their pricing.
  • Example Shops:
    1. Antique White Art: Rustic, moody, vintage styles; over 31,000 sales making six figures in under a year.
    2. Another Shop: Similar styles, over 377,000 sales making over $33,000 per month.
    3. Lexington Prints: Newer shop with 14,000 sales in 4 months making close to $10,000 monthly.

Using Mid Journey

  • Access: Join Mid Journey via their website and Discord server.
  • Subscription: Free to try, $10/month for commercial rights.
  • Generating Images:
    • Use specific text prompts and settings for better outcomes.
    • Adjust aspect ratios and stylization settings.
    • Upscale images for quality.
  • Advanced Strategies:
    1. Exploring Concepts: Search existing styles on Mid Journey’s website to generate similar images.
    2. Public Domain Images: Reverse-engineer images with the describe command.

Preparing for Sale

  • Image Resize: Adjust to popular aspect ratios (300 DPI resolution).
  • Mockups:
    • Create professional mockups using Mid Journey.
    • Edit mockups in Photopea or Photoshop for a polished look.
  • Listing on Etsy: Set up an Etsy shop (free 40 listings with a guide link) and upload artwork with mockups.
  • File Management: Use Google Drive or Dropbox for large image files and provide download links.

Scaling the Business

  • Print on Demand:
    • Platform: Printify integrates with Etsy for physical print sales.
    • Process: Design and publish directly to Etsy. Printify handles printing and shipping.
    • Premium Plan: Recommended for cheaper product costs and higher profit margins.

Final Tips

  • Separate Shops: Consider separate shops for digital and physical products.
  • Action and Resources: Links and free resources available to help get started.